For as long as I’ve been involved with OPEN TO BUY, I have talked to the “experts” and they always say that the retailer determines what their INVENTORY LEVELS should be and then they figure a buying plan from there. OUCH! That’s a classic case of putting the cart before the horse. You CAN forecast sales – based on your location, demographics, weather, tourism and the trends you see developing. Then it is the job of your open to buy to determine your inventory levels and your buying plan based on your sales forecast and your desired turn rates.
Trying to start with an inventory plan is a sure path for disaster. Inventory SUPPORTS sales, it does not DRIVE sales. More inventory will not produce more sales. Well thought out sales projections in your open to buy plan will produce a buying plan to insure you have the right amount of merchandise in the right area at the right time to keep your register ringing, your markdown low and your cash flow positive. You can do it, we can help!
myotbplan.com is the best open to buy system available! It’s easier, more accurate, more accessible, better supported, and the only one that’s guaranteed. We have no contract, you have no risk! Call 310-829-5148 today with your questions at or just fill out the no obligation Subscribe form online and we’ll call you. Why wait?
#opentobuy #myotbplan #retailsuccess #reducemarkdowns #stopoverbuying #retailbuyingplan #knowhowmuchtobuy #improveturnover